Thursday, August 31, 2006

Spot Gold daily chart

Gold broke down from a triangle pattern but the downside has been pretty poor – the bear trap scenario might be in play (browse the archive for more details). Bear side speculators must be disappointed and might soon suffer great loses.

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The blog writer is not a registered investment advisor, broker or dealer. All content, including market analysis expressed or implied herein, are for informational and educational purposes only. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.